“In my view, the Trump election has made a large Chinese devaluation more likely. Mainland Chinese investors are desperately trying to get out of the Yuan, and the People’s Bank of China is trying to defend the value of the Yuan. They are doing this b.....»»

Ramallah (Palestinian Territories) (AFP) - Jordan's King Abdullah II began a rare visit to the occupied West Bank to meet Palestinian president Mahmud Abbas on Monday, amid shared tensions with .....»»

National Australia Bank Ltd. (ASX:NAB) Suffers Payment Processing Glitch National Australia Bank says it has resolved an issue that delayed Centrelink and other payments from showing up in customers’ accounts. Users started reporting missing .....»»

China’s yuan firms on stronger fixing, Q2 GDP data shrugged off China’s yuan, which has firmed against the U.S. dollar the past five sessions, strengthened again on Monday after the central bank lifted its off.....»»

Chinese equity markets tumbled shortly after trading began on Monday, dragged down by a plunge in small-cap stocks after an injection of liquidity by the nation’s central bank spooked investors......»»

ZURICH (Reuters) - UBS's Chinese asset management subsidiary has been granted a license to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licenses......»»

CHINESE YUAN The Chinese yuan rose 0.2 percent, reflecting a broadly weaker dollar and a higher mid-point set by the People's Bank of China. There was muted reaction to solid Chinese trade numbers released earlier in the day, although the data reinforced .....»»